The stock of TC Energy Corporation (TRP) has seen a -0.32% decrease in the past week, with a 1.82% gain in the past month, and a 2.83% flourish in the past quarter. The volatility ratio for the week is 1.21%, and the volatility levels for the past 30 days are at 1.12% for TRP. The simple moving average for the last 20 days is 0.06% for TRP stock, with a simple moving average of 6.70% for the last 200 days.
Is It Worth Investing in TC Energy Corporation (NYSE: TRP) Right Now?
The price-to-earnings ratio for TC Energy Corporation (NYSE: TRP) is above average at 19.88x. The 36-month beta value for TRP is also noteworthy at 0.77. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for TRP is 1.04B, and at present, short sellers hold a 4.40% of that float. The average trading volume of TRP on April 02, 2024 was 2.61M shares.
TRP) stock’s latest price update
The stock price of TC Energy Corporation (NYSE: TRP) has surged by 0.17 when compared to previous closing price of 40.20, but the company has seen a -0.32% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-27 that The midstream sector has delivered exceptional total returns for my portfolio since I loaded up after energy prices crashed in 2020. I share my top four midstream picks of the moment. I discuss why I like each of them right now and what their outlook is moving forward.
TRP Trading at 2.12% from the 50-Day Moving Average
After a stumble in the market that brought TRP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.82% of loss for the given period.
Volatility was left at 1.12%, however, over the last 30 days, the volatility rate increased by 1.21%, as shares surge +1.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.92% upper at present.
During the last 5 trading sessions, TRP fell by -0.32%, which changed the moving average for the period of 200-days by -1.56% in comparison to the 20-day moving average, which settled at $40.27. In addition, TC Energy Corporation saw 3.02% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TRP
Current profitability levels for the company are sitting at:
- 0.55 for the present operating margin
- 0.41 for the gross margin
The net margin for TC Energy Corporation stands at 0.21. The total capital return value is set at 0.07. Equity return is now at value 9.07, with 2.40 for asset returns.
Based on TC Energy Corporation (TRP), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 2.14. The interest coverage ratio of the stock is 2.65.
Currently, EBITDA for the company is 8.73 billion with net debt to EBITDA at 6.22. When we switch over and look at the enterprise to sales, we see a ratio of 8.4. The receivables turnover for the company is 3.18for trailing twelve months and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
In summary, TC Energy Corporation (TRP) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
